The Ivey Purchasing Managers Index (PMI), which is sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, fell from 65.0 points in March to 52.2 points in April. The drop exceeded market expectations that had the PMI moderating to 60.8 points and, in fact, represented the steepest decline in the index since July 2011. Nevertheless, the PMI remained above the 50-point threshold for a ninth consecutive month, which suggests that the manufacturing sector continues to expand. On a seasonally adjusted basis, the Ivey PMI fell from 63.5 points in March to 52.7 points in April. The deterioration over the previous month mainly reflected a decrease in the prices as well as employment categories.
PMI plummets in April
May 4, 2012
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Canada PMI Chart
Note: Ivey Purchasing Managers Index. A reading above 50 indicates an expansion in the manufacturing sector while a value below 50 points to a contraction.
Source: Richard Ivey School of Business and the Purchasing Management Association of Canada.
Canada Economic News
October 21, 2016
In September, seasonally-adjusted consumer prices increased 0.2% from the previous month, which contrasted the 0.1% decrease recorded in August and marked the highest print in three months.
October 19, 2016
At its 19 October policy meeting, the Bank of Canada (BoC) decided to maintain its target for the overnight rate at 0.50%, despite a weaker inflation and growth outlook.
October 11, 2016
The Teranet-National Bank National Composite House Price index rose 0.7% in September from the previous month, which followed the 1.5% increase in August.
October 8, 2016
Seasonally-adjusted annualized housing starts registered 220,600 units in September, according to the government-owned Canada Mortgage and Housing Corporation (CMHC).
October 7, 2016
The Ivey Purchasing Managers’ Index (PMI), sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, increased a seasonally-adjusted 6.1 points in September, rising from 52.3 in August to 58.4.